Tetra Tech, Inc. (TTEK) Receives $70.43 Average Target Price from Analysts

Tetra Tech, Inc. (NASDAQ:TTEK) has received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $70.43.

A number of brokerages have commented on TTEK. BidaskClub lowered Tetra Tech from a “sell” rating to a “strong sell” rating in a report on Saturday. Maxim Group reissued a “buy” rating and set a $87.00 target price on shares of Tetra Tech in a report on Friday, January 11th. Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Saturday, January 5th. Boenning Scattergood reissued a “buy” rating and set a $80.00 target price on shares of Tetra Tech in a report on Thursday, December 6th. Finally, Robert W. Baird increased their target price on Tetra Tech from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, November 8th.

Shares of NASDAQ TTEK opened at $53.50 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.27. Tetra Tech has a one year low of $44.65 and a one year high of $72.56. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.33 and a beta of 1.07.



Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Tetra Tech had a return on equity of 15.80% and a net margin of 4.62%. The firm had revenue of $563.67 million for the quarter, compared to analyst estimates of $571.33 million. During the same period in the prior year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts forecast that Tetra Tech will post 2.88 earnings per share for the current fiscal year.

In other news, Director Albert E. Smith sold 8,000 shares of the stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $53.00, for a total transaction of $424,000.00. Following the sale, the director now directly owns 51,158 shares of the company’s stock, valued at approximately $2,711,374. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Brian N. Carter sold 8,215 shares of the stock in a transaction on Monday, November 26th. The stock was sold at an average price of $62.28, for a total value of $511,630.20. Following the sale, the senior vice president now directly owns 7,430 shares in the company, valued at $462,740.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,382 shares of company stock worth $4,830,265. 3.40% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Tetra Tech by 1.8% in the third quarter. American International Group Inc. now owns 43,524 shares of the industrial products company’s stock valued at $2,973,000 after buying an additional 789 shares in the last quarter. Smithfield Trust Co. boosted its stake in Tetra Tech by 70.1% in the third quarter. Smithfield Trust Co. now owns 2,280 shares of the industrial products company’s stock valued at $156,000 after buying an additional 940 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Tetra Tech by 14.4% in the third quarter. Fisher Asset Management LLC now owns 8,365 shares of the industrial products company’s stock valued at $571,000 after buying an additional 1,050 shares in the last quarter. Strs Ohio boosted its stake in Tetra Tech by 25.5% in the third quarter. Strs Ohio now owns 5,900 shares of the industrial products company’s stock valued at $402,000 after buying an additional 1,200 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Tetra Tech by 303.8% in the third quarter. Steward Partners Investment Advisory LLC now owns 1,615 shares of the industrial products company’s stock valued at $110,000 after buying an additional 1,215 shares in the last quarter. 84.49% of the stock is currently owned by institutional investors.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

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Analyst Recommendations for Tetra Tech (NASDAQ:TTEK)

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